This is a copied post from /pol/, discuss.Remember the stickied post a few days ago about the discussion of the report from the Bank of International Settlements?I've finished watching just a while ago this video that has just concluded what will h

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Anonymous 12/09/14 (Tue) 21:56:42 No.197

This is a copied post from /pol/, discuss.

Remember the stickied post a few days ago about the discussion of the report from the Bank of International Settlements?

I've finished watching just a while ago this video that has just concluded what will happen pretty soon in the financial markets:
http://www.youtube.com/watch?v=hkcBzNTfHOE#t=10

I'll post a form of TL;DR about the last part in the discussion:

The Federal Reserve will collapse in the next recession because it is leveraged 77:1 ($77 for ever $1 in circulation) and make no mistake that this will wipe out both the Fed itself and the banks affiliated to it (many in US). What other banking institution will take over, but this time at a global level will be the IMF (International Monetary Fund) and the new currency will be known as SDR (Special Drawing Rights) aka world currency.
On the old /pol/ there have been quite a lot of threads discussing about the conspiracy theory of a NWO (New World Order), and it's plain to see how this is going to happen: the USD disappears and the new world currency will be the SDR.

How will the new currency mean that NWO is underway? Refer to the famous saying of Meyer Rotschild: "Give me control of a nation's money and I care not who makes it's laws". This time it's not going to be a country, but the 188 countries that are members of it. After the happening will be over (where based on the CIA insider's analysis losses will be in the trillions) SDR will become the new world reserve currency because the global faith in the dollar is shattered permanently and irreversibly thanks to the Fed.
There will be after that a resistance in adopting the new currency, especially from the EU countries (ruled by the ECB) but as we saw with Russia there are 2 ways of getting the EU to comply with the change: either "make an offer they can't refuse", or annihilate them financially. It's safe to say that at the moment when the USD gets shattered, the Euro and the Swiss Franc will rise at first as temporary reserve currencies, but the Euro especially will be dropped in favour of the SDR. The Swiss give 0 fucks about what is going on, and no one is going to force them to drop their currency because they are still the worldwider banker's storage heaven, and will remain like that for a long time.

You have been warned fellow /pol/acks, it's that time of a new century where shit will really hit the fan big-time, we live in the last half of the 1920's before the actual Great Depression hits again. Make no mistake that the Great Recession that went on in 2008 hasn't been treated, it has only been delayed via money printing (aka Quantitative Easing) and it waits for another snowflake to trigger the avalanche that got stopped in 2010-2012 by the Fed.

Anonymous 12/10/14 (Wed) 03:20:56 No.198

>>197
so what is the best course of action to either prepare or to be in the best economical position?

Anonymous 12/10/14 (Wed) 10:23:10 No.201

>>198
Invest in physical gold, CHF and EUR, because those will be the currencies/commodity that investors would bugger off to once the dollar will start to crash.

Here's the full version of the interview: https://www.youtube.com/watch?v=KYW5OGWfqJc

What I can say about the flash points Rickards is talking about is that those do exist:
There is indeed in China a huge real estate bubble, and the ghost towns he made reference to do actually exist and can be google'd with ease. Here are some examples:

http://www.businessinsider.com/chinas-ghost-cities-in-2014-2014-6

http://www.bloomberg.com/news/2014-06-26/china-s-manhattan-project-marred-by-ghost-buildings.html

http://www.metropolismag.com/Point-of-View/August-2013/The-Real-Problem-with-Chinas-Ghost-Towns/

Russia/China started unloading Treasury bonds years ago, Russia did more than China but it's still a precarious situation should China pick up the pace. As usual, Google is your friend but here are some examples (notice the difference between the FT articles: one is from 2011 and one is from 2014):

http://www.ft.com/cms/s/0/f372a8dc-3930-11e0-97ca-00144feabdc0.html#axzz3LUM4n92U

http://www.ft.com/cms/s/0/4a2f3a32-db90-11e3-a460-00144feabdc0.html#axzz3LUM4n92U

http://online.barrons.com/articles/SB50001424052748704097904577257030958775246

US (specifically Obama) did not hold their part of the Petrodollar deal with the Saudi back in 2011 when they "appointed" Iran as the policeman of the Middle East (which was security in exchange for Saudis pricing their oil in USD), and back in 2013 when Saudi realised the American threat of shale oil against their oil (3rd link, original article was on WSJ but you can't read it unless you got subscription):

http://www.forbes.com/sites/energysource/2014/05/29/the-colder-war-and-the-end-of-the-petrodollar/

http://www.aljazeera.com/news/middleeast/2013/10/saudi-reassess-relations-with-us-20131022213218439646.html

http://oilprice.com/Latest-Energy-News/World-News/Prince-Alwaleed-Warns-Shale-Revolution-Threatens-Saudi-Economic-Stability.html

Anonymous 12/10/14 (Wed) 20:23:30 No.204

Why would people adopt a new global currency rather than decide on using another currency instead? I'm ignorant of how the global economy works, but I'm fairly sure the only major thing that's traded solely in USD is oil.

Also Eastern countries seem to be making a move to be completely independent of the USD already, so why woul- what am I saying, I don't care what they do, I live in the UK.

Still though, why would the UK and Europe (yes, I'm hoping we'll be separate by the time this recession comes along) hop on to a new "global" currency?

Anonymous 12/11/14 (Thu) 18:56:50 No.207

>>201
>Invest in physical gold, CHF and EUR, because those will be the currencies/commodity that investors would bugger off to once the dollar will start to crash.
Why not stocks or commodities futures?

Anonymous 12/13/14 (Sat) 00:42:18 No.210

File: 1418431338759.jpg (712.07 KB, 2136x1424, 3:2, Bitcoin.jpg)

i'm thinking of investing in bitcoin

tell me how (or good? hah) of an idea this is

Anonymous 12/13/14 (Sat) 18:15:45 No.211

>>197
Who would manufacture the global currency?

Anonymous 12/15/14 (Mon) 19:43:56 No.225

>>204
For long-term stability people would not go to another country's national bank and decide they adopt their currency when making transactions; no bank in the world is that reliable, not even the ECB to do something like this. A country first of all needs to be an economic superpower with an agreeable political system (China is an economic superpower but it's still a command economy ruled by communists). Previously it was the British Empire, then the relay stick was given to USA after 1945.

> only major thing that's traded solely in USD is oil
Indeed, but think how much oil is traded daily? Millions upon millions of barrels, just Saudi Arabia alone trades 10mil every day. You should see now why USD is VERY important.
They will jump because they are part of the IMF, and even if they don't adopt SDR at first, they will do in the course of a few months after the majority of the world did for a few good reasons, one being the fact that their traded resources will be priced much higher, and this will hurt exports, so hurt the economy. The EU will face a similar situation.

>>207
You don't "invest" as in you buy and hold, with the fall of the USD you can expect ETF's to also fall as well as stocks. If you have a possibility to keep up with financial news during the shitstorm, it's highly advised to prepare shorting (hence day/swing trading) whatever stocks starts falling first. That is what I'll do at least.
However this is about a great majority of the stocks, but what you could invest in are utilities and transport: critical things who are needed to be provided to people after the great shitstorm. People will still need water, people would still need transport (like rail, if you don't believe me Buffet bought BNSF for exactly this reason) and people still need energy. Oil stocks will also be in high demand at that point because in absence of an alternative oil is still needed to power transport. (source is here: http://www.cnbc.com/id/101820053#.)

>>211
The IMF (it says in the first paragraph of the post), called Special Drawing Rights (fancy name for global currency/world money).

>>210
Don't be stupid, bitcoin is still very illiquid and is not a reliable safeguard against a drop.
Besides that, bitcoin is still traded for USD; when USD falls, will the bitcoins you sell be worth something?

Anonymous 12/15/14 (Mon) 20:20:39 No.226

>>225
You have no knowledge of bitcoin, don't pretend that you do. The majority of the trading is done for Chinese renminbi.

Also, A lack of liquidity would lead to a massive increase in price in the event of a world economic reset.

Anonymous 12/15/14 (Mon) 20:22:53 No.227

File: 1418674973179.jpg (57.77 KB, 539x530, 539:530, 1415837952032.jpg)

My family's got lots of money in a Canadian bank and we live off the interest from mortgage deals.
Would this new currency wipe out all the money?

I think it does if this happening turns out to be true.

I'm reading as much as I can currently.

Also, is this related? It was posted 4 hours ago.
http://www.bloomberg.com/news/2014-12-15/wall-street-can-t-stop-stripping-bonds-as-inflation-deemed-dead.html

Anonymous 12/15/14 (Mon) 21:23:48 No.228

>>227
Diversify.

Anonymous 12/15/14 (Mon) 21:30:15 No.229

>>226
I didn't pretend that I knew bitcoin, I haven't followed up on it since early 2014.
If you get to trade on those Chinese websites, good for you. If you think you can make money, go for it if you think what you know you'll make money, I could care less.

>>227
That I'm not sure of, it will depend on each country how it will convert CAD into SDR. Canada is in a sticky situation because US is their biggest trade partner.
Bank-wise Canada is safe by itself, so I can assume safely that the currency conversion will not wipe out your money, but it will decrease to some extent the value of the money you have and the income you get.

About the link you posted, I am not entirely sure what these Strips are; they could be a circlejerk like MBS were.

>>228
This, it's not smart to keep all eggs in one basket, refer to my reply to 207 as to what you should look for when investing.

Anonymous 12/15/14 (Mon) 22:32:22 No.230

>>229
>>228
I'm getting the idea to buy what I want now while I have the chance before everything sky-rockets and get comfy during the depression.
Maybe even hoard precious materials like gold, silver, copper and gas.

Maybe even put up some solar panels.

Anonymous 12/16/14 (Tue) 01:28:17 No.231

File: 1418693297016.png (173.55 KB, 258x217, 258:217, jewish_quicksand.png)

>>230

sounds like a great idea, goy

buy everything!

Anonymous 12/16/14 (Tue) 01:32:33 No.232

>>227
OP again, here's something for that link of yours: http://www.businessinsider.com/joshua-birnbaum-bet-against-high-yield-energy-2014-12?utm_content=buffer83a01&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

Anonymous 12/16/14 (Tue) 20:02:41 No.235

>>231
Just a small thing I held off on, a new computer. I haven't upgraded since 2009. Other than it, it'd just be the stuff I mentioned previously.

Anonymous 12/16/14 (Tue) 21:28:32 No.236

Appreciate the great OP and responses, but here's my concern…

I first heard about this 7 years ago. I've been following every single day. And about every 6 months for the past 7 years we hear about how we're "coming to the endgame."

Honestly, I started preparing heavily for this back in 2007 or so and I'm out of patience, because it's getting to the point where I'd rather be doing other things with those assets than holding them for the crash that's 5-6 years late. I had just about decided recently that this was NOT going to happen.

1.) When, and
2.) Why do you this time is different?

Anonymous 12/17/14 (Wed) 19:41:15 No.237

So what's the thought on Russian currency?

Anonymous 12/18/14 (Thu) 22:14:59 No.240

>>237
It goes down the shitter because of what the West+Middle East is doing to oil. I'm inclined to believe that it's not a collusion between the Saudis and US to crush Russian oil profits, but actually Saudi fucking over US due to shale oil. Nonetheless, the ruble will keep going down, and it will keep going down since in Russia the budget for 2015 has already been voted in the Duma.

>>236
I don't know the version that you heard back then, but I highly doubt back then China wasn't 2nd biggest economy (iirc) and the housing boom there wasn't at the same level as now. The irony is that on average you need more or less 18 years average income to buy a house in China, when in US that can be achieved with 4-5 (on average, not taking into consideration mini-bubbles like San Francisco).

On top of that, back in '07 USA hasn't tried to fuck over Saudi share in oil sales by flooding the market with shale; I remember shale production was far below the current level then, and now pretty much on the oil market it's a USA vs. Saudi competition, and while Saudi might depend on US protection, they don't care when their profits are threatened.

Anonymous 12/19/14 (Fri) 12:07:11 No.241

>>236
>Honestly, I started preparing heavily for this back in 2007 or so and I'm out of patience

Wow I have only been following this since around march/may. The US led coup in Ukraine tipped me off.

I couldn't imagine following this for as long as you have, I'm sick of it after 8 months hearing how close we are. My belief is that it will happen when there is no other choice left for those who benefit from the current system. A war could kick the can down the road some more.